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WBSN > SEC Filings for WBSN > Form 8-K on 29-Nov-2012All Recent SEC Filings

Show all filings for WEBSENSE INC



Entry into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement.

On November 28, 2012, Websense, Inc. (the "Company") and Creekside Property Holdings, LLC, a Delaware limited liability company (the "Landlord") entered into a Ninth Amendment to Lease, effective as of November 28, 2012 (the "Amendment"). The Company and the Landlord (as successor-in-interest) are parties to a Lease dated as of April 19, 2002, as amended (the "Lease"), under which the Company leases its corporate headquarters of approximately 122,000 rentable square feet in San Diego, California. The Amendment provides that, among other things, the expiration date of the Lease will be extended from December 31, 2013 to July 31, 2018 (the "New Term"). The Company has also retained the option to further extend the Lease for an additional period of five years, which, if exercised, would commence upon the expiration of the New Term. Under the Amendment, the Company will pay, beginning on January 1, 2013, a monthly base rent of $194,757. This monthly base rent will increase yearly thereafter, up to a maximum of $225,188 beginning on January 1, 2018. For the period from January 1, 2013 through May 31, 2013, the Amendment provides for the abatement of fixed monthly rent subject to the Company's performance of all other terms and conditions of the Lease. The Amendment also provides that the Landlord shall provide the Company with a tenant modification allowance of $225,000 for certain specified modifications, subject to the Company's performance of its monetary obligations under the Lease.

The foregoing description of the Amendment contained in this Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.

(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits

Exhibit Number   Description
10.1             Ninth Amendment to Lease between Websense, Inc. and Creekside
                 Property Holdings, LLC, dated November 28, 2012

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